Parametrix, a cloud monitoring and insurance services provider, has placed a $35 million catastrophe bond for Hannover Re, providing retrocessional protection against cloud outages for 2026–27. The parametric bond, Cumulus Re III, is the company's third and largest issuance, attracting more investors than previous deals. The bond covers 12 months of protection against accumulated losses from sustained downtime affecting Amazon Web Services, Microsoft Azure or Google Cloud Platform across major US and EU regions. These regions are grouped into three tiers based on potential exposure, with separate payout formulas for each. Sharon Haran, Managing Director of Parametrix Analytics, noted multiple significant cloud outages occurred in late 2025 across all three major providers, highlighting the potential for catastrophic events whilst making shorter outage risks insurable.

Parametrix, the leading provider of downtime insurance solutions for digital infrastructure and tech || Read More on Medial

Parametrix, a provider of downtime insurance for digital infrastructure, has raised $27 million in a Series B round led by Mundi Ventures, FirstMark Capital and HDI Group, with participation from F2 Venture Capital and other strategic investors. The funding brings total capital raised to $45 million. The company reported 300% revenue growth in 2025, driven by demand for its enterprise cyber risk solutions and data centre service level agreement protection. Parametrix is launching CyberPMX, an all-in-one cyber risk insurance product underwritten at Lloyd's of London that provides fast payouts for business interruption events like cloud service outages. The funding will support scaling operations, product development, cyber underwriting expansion and broker distribution. Parametrix's monitoring system tracks over 7,000 cloud services and 750 data centres globally, generating more than one billion performance data points monthly.